White House to Release GM An Additional $4-Billion To Stay Afloat (UAW Uber Alles!)

ABC ^ | February 16, 2009 | George Stephanopoulos

[GOPGuide]

Obama administration sources tell me that tomorrow they will release $4-billion to General Motors Corp.

The White House move comes one day before car giants General Motors Corp. and Chrysler LLC are scheduled to submit cost-cutting plans to the administration in exchange for some $17.4-billion dollars the government lent them in December.

The Obama administration was to have six weeks to rule on the future of the U.S. auto industry, with a March 31 deadline for deciding whether GM can keep the $13.4 billion and Chrysler the $4 billion given to them.

But White House officials tell me that no one wants GM to go under while they assess this long-term restructuring plan.

They believe this $4-billion is essential to keeping GM afloat until their decision in March.

[rbg81]

GM and Chrysler may have to give it back? Hah! Its long gone. But, of course, everyone knows that—its just a big game of pretend.

[Logical me]

More Union payoffs.

[GOPGuide]

You are a RACIST for questioning the Messiah!

[Dallas59]

Good gawd.

[dfwgator]

We’ll never see that money again, down the black hole it goes.

[keepitreal]

The Obama administration was to have six weeks to rule on the future of the U.S. auto industry,

That there is one horrific sentence - so easily accepted and so destructive in its implications.

[budwiesest]

was to have six weeks to rule on the future of the U.S. auto industry,

Michelle was right, he is gonna "rule".

[capydick]

Obama administration sources tell me that tomorrow they will release $4-billion to General Motors Corp.

Let's see - Georgie promises Rahm favorable coverage on ABC and in return, Rahm gives Georgie these tid bits from time to time to enhance his cred with his fellow travellers.

How cute.

[al baby]

black hole

[tobyhill]

***The White House move comes one day before car giants General Motors Corp. and Chrysler LLC are scheduled to submit cost-cutting plans to the administration***

This is BS. The automakers were to submit their plan BEFORE they got the money but it looks like Obama is arbitrarily changing the terms.

[Orange1998]

GM market Cap is only 1.5 Billions and this is after the first infusion of Billions. Now we are going to dump additional 4 Billion into the rat hole. It would be cheaper to close it down and send a payroll check to workers for years.

[dfwgator]

Yep, I’m expecting the “That’s Racist” boy pic to show up anytime now.

[Loyalist]

The UAW is about to replace Jonestown as the deadliest mass suicide cult in modern history.

[jwparkerjr]

Well, making this announcement now will certainly make it easier for management to take a hard line with the unions.

</sarc>

[cornfedcowboy]

The UAW and the failure of the auto manufacturers might just be BO’s ultimate achilles heel.

[.cnI redruM]

The Obama administration was to have six weeks to rule on the future of the U.S. auto industry

How long did it normally take the Politburo to rule on Trabant?

[jveritas]

Very scary indeed.

[Leisler]

The Then 'One', with his revolutionary green car of his day. Not to mention the private public partnership for a greater ......

[Petronski]

They believe this $4-billion is essential to keeping GM afloat until their decision in March.

GM Suit: That better damn well be March first.